IAC/InterActiveCorp (NASDAQ:IAC) Given Consensus Rating of “Buy” by Analysts
IAC/InterActiveCorp (NASDAQ:IAC) has received a consensus rating of “Buy” from the twenty-two research firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nineteen have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $109.94.
IAC has been the subject of a number of recent analyst reports. UBS AG reaffirmed a “buy” rating and issued a $115.00 price objective (up previously from $84.00) on shares of IAC/InterActiveCorp in a research report on Friday, May 5th. Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $140.00 price objective (up previously from $114.00) on shares of IAC/InterActiveCorp in a research report on Wednesday. Jefferies Group LLC reaffirmed a “buy” rating and issued a $135.00 price objective (up previously from $120.00) on shares of IAC/InterActiveCorp in a research report on Wednesday. TheStreet raised IAC/InterActiveCorp from a “c+” rating to an “a-” rating in a research report on Thursday, August 3rd. Finally, Zacks Investment Research downgraded IAC/InterActiveCorp from a “hold” rating to a “sell” rating in a research report on Tuesday.
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Shares of IAC/InterActiveCorp (IAC) traded up 2.38% during mid-day trading on Friday, reaching $103.44. The company’s stock had a trading volume of 446,117 shares. IAC/InterActiveCorp has a 1-year low of $56.41 and a 1-year high of $114.72. The firm has a market capitalization of $8.25 billion, a P/E ratio of 36.97 and a beta of 1.14. The company’s 50-day moving average is $105.20 and its 200 day moving average is $89.84.
IAC/InterActiveCorp (NASDAQ:IAC) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.24. IAC/InterActiveCorp had a return on equity of 9.16% and a net margin of 7.66%. The company had revenue of $767.39 million during the quarter, compared to analysts’ expectations of $758.01 million. During the same period in the previous year, the firm posted $0.42 earnings per share. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, analysts expect that IAC/InterActiveCorp will post $3.06 earnings per share for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of IAC. Creative Planning boosted its position in shares of IAC/InterActiveCorp by 0.6% in the first quarter. Creative Planning now owns 1,687 shares of the company’s stock worth $124,000 after buying an additional 10 shares in the last quarter. ClariVest Asset Management LLC bought a new position in shares of IAC/InterActiveCorp during the second quarter worth approximately $133,000. FNY Partners Fund LP bought a new position in shares of IAC/InterActiveCorp during the second quarter worth approximately $152,000. First Mercantile Trust Co. bought a new position in shares of IAC/InterActiveCorp during the second quarter worth approximately $193,000. Finally, Engineers Gate Manager LP bought a new position in shares of IAC/InterActiveCorp during the first quarter worth approximately $201,000. Institutional investors own 85.22% of the company’s stock.
IAC/InterActiveCorp (IAC) is a media and Internet company. The Company’s brands include HomeAdvisor, Vimeo, Dictionary.com and Match Group’s online dating portfolio, which includes Tinder, PlentyOfFish and OkCupid. Its segments include Match Group, HomeAdvisor, Video, Applications and Publishing. Match Group includes the dating and non-dating businesses of Match Group, Inc HomeAdvisor is a home services digital marketplace that helps connect consumers with home professionals in North America, as well as in France, the Netherlands and Italy under various brands.
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